Subject: RE: SmartSynch
From: "Neil Callahan" <[email-masked]>
To: "'Eric Schwerin'" <[email-masked]>, "'Hunter Biden'" <[email-masked]>, <[email-masked]>
Date: Wed, 23 Jun 2010 15:19:10 -0400

And throw Ybrant in the mix as well as others I have likely missed.

----------------------------------------------------------------------------
--------------

Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile) 

866-749-8879  (fax) 

From: Neil Callahan [mailto:[email-masked]] 
Sent: Wednesday, June 23, 2010 3:14 PM
To: 'Eric Schwerin'; 'Hunter Biden'; [email-masked]
Subject: RE: SmartSynch

Not specific to SmartSynch, but the majority of things that have come across
our plate in the past 6-8 months are mid to late stage Venture Capital type
companies in the high technology/clean technology space.

(IPS, SmartSynch, 4Tell, DuCool/Aqua, ALTe, Fisker, Ormazabal/NextFuels/The
Bick Group to some extent)

Most of them working with a VC or Private Equity shops posing as a VC, and
are looking to us to fill an advisory/business development role, but also to
participate in fund raising, but not as the lead.

And all are a force fit to the Rosemont-Solebury Co-Invest fund - not really
on strategy for that product, but with some arm twisting, maybe get them in.

And Green/Blue jobs of the future will be driving by almost completely by
technology innovation.

Do we want to be a  VC focused on Technology, Clean Tech?  Not a bad place
to be.

Serendipitously I am meeting with BlueBird Capital on Friday which is
exactly that - a late stage high tech VC fund.  I can get a lot of
intelligence from him.

----------------------------------------------------------------------------
--------------

Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile) 

866-749-8879  (fax) 

From: Eric Schwerin [mailto:[email-masked]] 
Sent: Wednesday, June 23, 2010 2:59 PM
To: Hunter Biden; [email-masked] Archer; Neil Callahan
Subject: SmartSynch

FYI, had a talk with SmartSynch today and as I suspected they'd like to
re-evaluate our agreement with them.   I told them that we had been talking
internally as well and on our side would prefer more of an equity plus
partnership relationship anyway.   I talked to them about a reduced retainer
and a percentage of sales.  In addition, they have a $45-50m PE round coming
up really soon and they'd like to hold out a piece for Rosemont Solebury to
co-invest if we are interested.   Gets us to where we want to be with them
even if it is a hit on the retainer.

Thoughts?

 

Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

[email-masked] <x-msg://59/[email-masked]> 

P Consider the environment before printing this email.